Nuveen ESG Mid-Cap Value ETF benefits as Baker Hughes wins 250 MW AI contract
Baker Hughes secured an order for 10 Frame 5 gas turbines providing 250 MW of power capacity for U.S. AI data centers, with initial deliveries starting in 2027. Nuveen ESG Mid-Cap Value ETF holds a 2.04% stake in Baker Hughes, contributing to the ETF’s 0.44% share move.
1. Baker Hughes Lands AI Data Center Turbine Order
Baker Hughes received an order for 10 Frame 5 gas turbines capable of generating 250 MW to power AI data centers in Georgia and Texas, with initial deliveries scheduled for 2027. This contract reinforces Baker Hughes’s position in the growing digital infrastructure segment and underscores demand for reliable, scalable energy solutions.
2. Impact on Nuveen ESG Mid-Cap Value ETF
Nuveen ESG Mid-Cap Value ETF holds a 2.04% position in Baker Hughes, meaning the turbine order drove a 0.44% share movement in the ETF. The development highlights how individual large-cap energy contracts can influence the performance of mid-cap value portfolios with energy sector exposure.